Small businesses need access to capital in the form of
small business loans. Yet small businesses often don't have the collateral or credit
history to qualify for small business loans through normal lending channels. That's where
the government comes in. The U.S. Federal government has loan programs to meet most small business
needs.
| 7(a) Loan Guaranty
provides small business loans to small businesses unable to secure financing on reasonable
terms through normal lending channels. |
LowDoc Loans are
designed to increase the availability of small business loans under $100,000 to the small
business community and speed-up the government business loan review process. |
FA$TRAK Loans are small
business loans designed to increase the capital available to small businesses seeking
small business loans of up to $100,000, but is currently offered as a pilot with a limited
number of lenders. |
| Certified Development Company
(CDC) 504 Loans provide growing small businesses with long-term, fixed-rate small
business loans for major fixed assets, such as land and buildings. |
International Trade Loans.
If your business is preparing to engage in or is already engaged in international trade,
or is adversely affected by competition from imports, the International Trade Loan Program
is designed for you. |
Export Working Capital (EWCP)
Loans are designed to provide short-term working capital to exporters. |
| Pollution Control Loans
are intended to provide small business loan guarantees to small businesses for the
financing of the planning, design, or installation of a pollution control facility. |
Defense Loan and Technical
Assistance (DELTA) is a joint effort between the Small Business Administration
and the Department of Defense to provide financial and technical assistance to
defense-dependent small firms adversely affected by cutbacks in defense. |
Minority and Women
Prequalification Pilot Loans use intermediaries to assist prospective minority
and women small business owners in developing small business loan application packages and
securing small business loans. |
| Qualified Employee Trusts Loans
provide financial assistance to Employee Stock Ownership Plans (ESOP). |
Microloans were
developed to increase the availability of very small loans to prospective small business
owners. Under this small business loan program, the government makes funds available to
nonprofit intermediaries, who in turn make small business loans to small businesses in
amounts that range from under $25,000. The average loan size is $10,000. Completed loan
applications can usually be processed in less than one week. |
Short Term Loans and Revolving
Lines Of Credit CAPLines Loans. There are five short-term working-capital loan
programs for small businesses under the CAPLines umbrella: SEASONAL, CONTRACT, BUILDERS,
STANDARD ASSET-BASED, SMALL ASSET-BASED. |